A McAlpine buys AIMS Group

Alfred McAlpine has bought AIMS Group Services, a specialist advisory, training and technical services firm that focuses on workplace compliance issues, for £7.2m.

The company said that it had paid £5.9m in cash and 507,300 in new Alfred McAlpine ordinary shares. Alfred McAlpine has settled debt funding in AIMS of £5.9m and may pay further considerations of £800,000.

The newly acquired business will be integrated into Alfred McAlpine's business services alongside Stiell Facilities, Stiell Networks and AMPL.